Not to pry but what components do you use in your personal reference system?
Not prying at all. I'd be surprised if nobody asked!
I have two systems. One is my large (34 by 18 by ~10) one-room home recording studio, and the other is my medium size (25 by 15 by ~9.5) living home theater. I say "~" (about) because both rooms have a peaked ceiling so this is the average.
My home studio has a pair of very large JBL 4430 pro monitors, bi-amped. (Real bi-amp, not bi-wired!) They're powered by a pair of pro quality Crown PowerBase amps totalling just over 1 KW with a Rane active crossover. I use a small Mackie 1202 mixer to control / route the sound from my computer where I do all the audio work. I also have a pair of Yamaha NS-10 speakers, which many pro engineers swear by, but I think they stink and I rarely use them.
My HT is totally different, with a mix of budget consumer gear and very good pro-level speakers. The speakers are Mackie HR624s, with a huge SVS dual-12 subwoofer. The Mackie speakers are self-powered and biamped, so my cheap Pioneer receiver doesn't need to work very hard. The receiver is more for routing and decoding Dolby and DTS, and switching the video between cable and DVD.
Both rooms are treated
very well with many bass traps plus absorption at all the early reflection points. This is the key to excellent sound. Many of my friends are professional musicians and recording engineers, and they all agree my rooms are the best they're heard, aside from a million dollar recording studio. Everyone buys or rents CDs and then brings them to my house to watch. Though maybe my popcorn machine is a factor too.

What I am arguing is that what matters to me is my own pleasure and enjoyment. And if I ultimately derive more pleasure and enjoyment from that which is less "high fidelity," that's what I'll choose every time.
Sure, and I already agreed with that. No contest! Everyone has personal preferences, and nobody else can say they're wrong.
> I think the notion that the distortion characteristics of a low feedback SET amp can be exactly replicated with a couple of diodes and resistors is hogwash. <
On what do you base that?

If I can't exactly emulate every possible type of tube distortion with two diodes and two resistors, I'm sure I can come close enough to not matter. And give me a pair of 50 cent op-amps and I
promise you I'll nail it!
> why do you seem to have such a dim view of what you refer to as "boutique products"? It's almost as if you're implying that there's something inherently bad or wrong with them. <
Great question! My objections are two-fold:
1) They are not worth the money asked, and they are sold under fraudulent pretenses. You can get perfectly wonderful gear for 1/20th the cost of the really expensive stuff.
2) A lot of boutique gear really is crap. You will never find a professional recording studio using a power amp with 10 percent distortion, or loudspeakers that have substantial resonance built-in intentionally. Likewise, some of the most expensive speaker wires you can buy have unacceptably high capacitance. The capacitance can be so high that some (lame boutique) power amps will oscillate at ultrasonic frequencies which then blows out the tweeters.
> the only way you can
truly hear the intentions of the recording and mixing engineers is if you were to use the same source components, playback gear, loudspeakers, and acoustical environment that was used to produce the recording. <
Agreed 100 percent, which is why I always aim for maximum transparency rather than an intentionally colored sound. Pros use transparent gear, so if you do the same you'll at least get as close as your listening room allows for.
--Ethan